Mortgage rates shoot to 2-month high after hot inflation report

A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly government report on wholesale prices showed inflation is still persistent and hotter than most analysts had expected. The average rate on the 30-year fixed mortgage … Read more

Why I Don’t Think It Was Only Demand Shocks that Drove 2022-23 Inflation

From a lecture prepared for “Macroeconomic Policy” (Spring 2024): Figure 1: Output gap (black, left scale), CBO projected output gap (pink, left scale), and PCE deflator y/y inflation (teal, right scale). NBER defined peak-to-trough recession dates shaded gray. Source: BEA 2023Q4 advance, CBO Budget and Economic Outlook, Feb 2024, NBER, and author’s calculations. The large … Read more

Inflation And Greed: The Biggest Wealth Destroyers For Families

After publishing my post on no longer being financially independent, several media outlets picked up the story and thousands of comments on their respective platforms ensued. The main criticism was that my expenses were way too high and that I am greedy. As a result, I thought it would be useful to discuss the impact … Read more

UK shop price inflation drops sharply to lowest level in almost 2 years

Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK shop price inflation eased sharply in January to its lowest rate in almost two years as retailers heavily discounted goods during a weak sales period, industry data showed. The British Retail Consortium said on … Read more

The Effect act of Inflation on Businesses in Europe

In the ever-evolving landscape of global markets, businesses are continually influenced by various economic factors. One such critical factor is inflation, which can have profound implications for enterprises across different industries. Recently, European markets experienced fluctuations, prompting investors to scrutinise U.K. economic data and anticipate the second U.S. inflation report of the week. In this … Read more

Ongoing Red Sea attacks driving up inflation – Allianz Trade

Ongoing Red Sea attacks driving up inflation – Allianz Trade | Insurance Business America Insurance News Ongoing Red Sea attacks driving up inflation – Allianz Trade Crisis not yet a major cause for concern, insurer says Insurance News By Kenneth Araullo The recent Houthi attacks on commercial ships in the Red Sea have caused notable … Read more

Argentina’s annual inflation tops 200% as Javier Milei confronts crisis

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentina’s annual inflation rate reached 211.4 per cent in December, the country’s statistics agency said on Thursday, confirming the depth of the economic crisis facing the country and its new libertarian President Javier Milei. On … Read more

Is the Inflation Experience of 2021-23 Like that of Post-Great-Influenza (1918-19)?

Reader Steven Kopits, commenting on inflation now vs. Korean war post: Not even remotely comparable. The comparison would be the post-1918, Spanish flu, period. A shut-down, supply-constrained economy with significant inflation; a sharp, deflationary correction; followed by a near decade-long economic boom. If we’re talking suppressions, that’s the model to use. Since Mr. Kopits did … Read more

Future Outlook Amid Inflation Data Anticipation

January 8, 2024 ( Newswire) The price of gold (XAU/USD) continues its decline during Monday’s trading, reaching near its lowest level in two weeks at $2005. This drop followed the strong monthly employment details in the United States on Friday. The non-farm payrolls (NFP) report indicated that the U.S. labor market remains resilient, forcing investors … Read more

What Happens to Real Estate During Inflation? (The Impact)

In this article Inflation broadly impacts the overall economy, causing the prices of goods and services to rise. This can have rippling effects across various sectors, including the real estate market.  Real estate investors, homebuyers, and home sellers need to understand how inflation impacts the real estate market. This can help them make the best … Read more